China's foreign trade surplus in 2019 is among the top six countries

In 2019, according to data released by the customs in our country, our country foreign trade total amount is 31.5 trillion yuan, equivalent to about $4.5 trillion, according to China's GDP in 2019 to 99.1 trillion renminbi, GDP of our country foreign trade accounted for 31.8%, has been declining in recent years, shows that our country foreign trade dependence ratio is also gradually decline, the proportion of consumption of domestic demand already more and more big. However, China's foreign trade is still the second largest in the world, 0.5 trillion us dollars less than the 500 million US dollars of the United States, the largest in the world. However, China's foreign trade surplus is the largest in the world. Which countries are the top six in the world in 2019?

The foreign trade surplus is the part of the total export minus the total import. In fact, it is equivalent to the part of the surplus sold abroad in the trade, which is basically the money earned abroad. Therefore, if a country has a trade surplus, it is usually more favorable. In 2019, China's imports totaled 143,000 yuan, exports 17.2 trillion yuan, and the trade surplus was 2.9 trillion yuan, which translates to about 0.42 trillion U.S. dollars. The quantity according to China's GDP, only account for more than 3%, not much, of course, this is because the size of the economy in our country is larger, in fact, the world's GDP to more than $0.42 trillion less than 20% of the country, the trade surplus in our country, also a commanding lead in the world, this is mainly because our country is the world's largest manufacturing power, so the production of goods quantity, especially the mid-range products, basically half the world market.

Foreign trade surplus is the world's second-largest Germany, Germany is Europe's largest economy, economic aggregate ranked fourth in the world, Germany is the world famous manufacturer, many brands with a long history, quality is reliable, for example, the automotive industry, such as Benz, BMW, audi and porsche, is synonymous with high-end cars, while others, such as Siemens, Bosch, krupp, etc., are their respective industry's top brands, Germany's high-end manufacturing reputation around the world. In 2019, Germany's total foreign trade volume was 2.45 trillion euros, and its trade surplus was about 220 billion euros, equivalent to 0.25 trillion DOLLARS, second only to China's 0.42 trillion dollars.

Russia ranks third in the foreign trade surplus countries home, Russian manufacturing is very general, in addition to the weapon is better, little take out of products, but Russia wins in the vast territory, extremely rich resources, oil and minerals are among the best in the world, so, although Russia to be in a total foreign trade of the world's top ten, but because of their many big things have, except for some light industrial products, don't need to import so many things, in 2019, Russia's foreign trade total $0.66 trillion, but the trade surplus is as high as $0.18 trillion, the proportion is very high.

Manufacturing in Italy has its own unique advantages, especially on luxury goods, means all the world, such as the car brand of top class high-end sports car ferrari, lamborghini, etc have been made in Italy, there are many clothing shoes and hats and supplies, Italy is also famous in the world, milan, Italy's fashion and design center, in 2019, Italy's total foreign trade of 0.9 trillion euros, the trade surplus of about 53 billion euros, equivalent to $60 billion, ranked fourth in the world trade surplus.

Brazil is the fifth largest foreign trade surplus country in the world, and its manufacturing industry is underdeveloped. However, like Russia, Brazil has a huge land area and rich resources. The world's largest iron ore company is located in Brazil. In 2019, Brazil's total foreign trade stood at $0.4 trillion, with a trade surplus of $47 billion.

Australia is the world's sixth largest foreign trade surplus countries, Australia manufacturing industry is also developed, as well as Russia, Brazil, is due to a large, rich in natural resources, Australia's mineral and agricultural products, the most abundant iron ore the world the most, is the world exporter of agricultural products, such as beef and milk population is not much, also don't need too many products to be imported, Australia's foreign trade surplus reached $43 billion in 2019, the China is Australia's main export destination countries, accounting for about 35%.

As a result, three of the world's top six trade surpluses rely on their own manufacturing, that is, China, Germany and Italy rely on manufacturing, and the other three rely on their own resource advantages, namely Russia, Brazil and Australia. It is better to rely on the manufacturing industry, resources will be used up.